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Added on the 24/05/2016 10:02:27 - Copyright : Wochit
The Bank of England announces in a press conference it is hiking its key interest rate by 0.75 percentage points, the biggest increase in 33 years, to fight inflation set to peak around 11 percent in recession-hit Britain. The latest rate hike mirrors aggressive rate-tightening by central banks worldwide as economies battle the highest prices in decades. SOUNDBITE
Governor Andrew Bailey announces that the Bank of England will raise interest rates by 0.5% to 1.75%, a hike unprecedented since the Bank gained independence in the 1990s, in a bid to tackle surging price rises. British inflation jumped to a four-decade high of 9.4 percent in June, worsening a cost-of-living crisis as workers' wages fail to keep pace. SOUNDBITE
The Centers for Disease Control and Prevention wants Americans to know: COVID-19 is nothing like the seasonal flu. According to Gizmodo, a new CDC report reveals people hospitalized with COVID-19 are over five times more likely to die than those hospitalized for influenza. Also, the risk of serious complications like pneumonia and shock is significantly higher from the novel coronavirus than from the flu. Gizmodo reports that compared to flu patients, COVID-19 sufferers are at increased risk for 17 respiratory and nonrespiratory complications. They are also 19 times more likely to develop acute respiratory distress syndrome, a life-threatening condition that fills the lungs with fluid. Heart inflammation, pneumonia, liver failure, shock, blood infections, and brain bleeds are among the other complications more likely in COVID-19 patients. COVID-19 patients also stay in the hospital longer than flu patients, taking approximately 8.6 days versus three days.
China's promised the U.S. it will keep the yuan's exchange rate at a reasonable and balanced level. As Laura Frykberg reports, the Chinese Premier Li Keqiang gave the reassurance at an economic forum in New York.
From Germany to Mexico, women share their biggest mistakes.
Hayden Panettiere gets cute and sexy and tries to cut a deal with paparazzi. Meanwhile the week was filled with country music superstars and big awards events like the CMT Awards and CMA Music Festival. Taylor Swift was showing off her fashion and her legs as well.